|Poster:||Monte B Cowboy||Date:||Aug 5, 2013 10:08am|
|Forum:||GratefulDead||Subject:||Re: Your Sunshine Daydream reviews|
Fort Collins Tax Incentives proposed to Avago were $4.5 million. This PDF file is for the August 21, 2012 Agenda Item Summary details for Fort Collins City Council. It contains the following information:The Larimer County Commissioners also voted unanimously to give Avago another $500 thousand for their expansion. No one but me is reporting about this in any investigative way, shape or form.
STAFF RECOMMENDATION was
"Staff recommends adoption of this Resolution."
BOARD / COMMISSION RECOMMENDATION was
"Negotiations of the planned Avago Technologies expansion and related Business Investment Agreement were conducted confidentially."
PUBLIC OUTREACH was
"Negotiations of the planned Avago Technologies expansion and related Business Assistance package were conducted confidentially."
Foxconn pays their workers slave wages. They often 16 hours per day, six days per week. They live in squalid dormitories on-campus, often in dismal conditions. They are working in very stressful working conditions. There is extraordinary pressure to produce high volumes of units with zero defects, doing the same tasks over and over for long periods of time, treating their workers like animals.
While all this is going on, the City of Fort Collins is also directing City staff to create and promote Apps that run on these devices manufactured by Apple's slave workers. Isn't it also true that more Taxpayer money goes into 401k investment plans for Mutual Funds - holding shares of Apple's stock - for City employees' retirement plans? And now you are asking us to pay another $4.5 million for a tax break for Avago.
These comments were made in writing by me to all the Fort Collins City Council-persons, the Mayor, and the City Manager. None of it has ever been publicly discussed or reported in Fort Collins, except by me. Today is the first time I'm publishing these Fort Collins facts in a Public Forum. Recently I published this Homeless in Silicon Valley movie essay on The Archive.
And, notlhing has changed! It appears to me things are only getting worse! It's not just Apple using slave workers. Microsoft X-box components, and Dell, Sony, Nokia, and many other a/v and portable devices are made this way.
China Labor Watch said it found violations of the law and of Apple's pledges about working conditions at factories operated by Pegatron Corp., a Taiwanese company.
Conditions in Chinese factories that produce iPhones and other popular Apple products have been under scrutiny following complaints about labor and environmental violations by a different supplier, Taiwan's Foxconn, a unit of Hon Hai Precision Industry Co.
Apple said in a statement it was "committed to providing safe and fair working conditions" and would investigate the claims about Pegatron. The Taiwanese company's chief executive, in a separate statement, also promised to investigate.
Apple Corporation is 'among largest tax avoiders in USA' according to a US Senate committee. The Senate committee said Apple had used "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes.
"Apple Inc established an offshore subsidiary, Apple Operations International, which from 2009 to 2012 reported net income of $30bn, but declined to declare any tax residence, filed no corporate income tax return and paid no corporate income taxes to any national government for five years."
Irish-based Apples Sales International generated around $74bn (£48.5bn) in profits but "may have paid little or no income taxes to any national government on the vast bulk of those funds".
According to the senators on the Permanent Subcommittee on Investigations, Apple transferred offshore into low-tax countries the economic rights to its intellectual property - its valuable and usually patentable knowhow - with the result that it avoided around $10bn (£6.5bn) of US tax every year (what the senators characterise as $44bn, or £29bn, of US tax avoidance over the past four years).
What is the point of all this? Well the senators point out that Apple has continued to accumulate vast amounts of cash in places other than the US, and those cash holdings now exceed an eye-popping $102bn (£67bn).
Why does any of this matter?
Well it is part of a broad trend of multinationals paying a much smaller proportion of public sector costs in all the world's developed economies.
In the US, for example, corporate tax generated 32.1% of all federal taxes in 1952. Today that proportion has fallen to a puny 8.9%. American Workers are Occupied!